Compliance Team
Angels Den

Dear User,

You may have heard about the new General Data Protection Regulation (“GDPR”), that comes into effect May 25, 2018.

We would like to ensure you that your personal data is safe with us. Please read the details regarding the processing of your personal data and if you agree with the processing as described below, please click the ‘I agree’ button.

Please be informed that you can withdraw this consent at any time.

1) What data are we talking about?

We are disclosing details regarding the processing of personal data that is collected within our calls and in connection with your use of Angels Den’s platform, Websites and other functionalities of Angels Den, including those saved in cookies files.

2) Who will be the controller of your data?

Angels Den Funding Limited (hereinafter referred to as AD) will be the controller of your data (Angels Den means all entities from the Angels Den capital group, which includes Angels Den Funding Limited with its registered office in London and all entities related to it and dependent on it) and only our Trusted Partners.

3) Why do we want to process your data?

We process this data for the purposes described in our Privacy Policy, including:
- compliance with any legal requirements and obligations,
- ensuring that content from our Website is presented in the most effective manner for you,
- marketing purposes,
- providing you with our services (including the completion and support of immediate activity required to provide you with information and deliver products and/or services that you request and to deliver any contracts entered into with you), or
- as otherwise explained in this privacy policy or by any communication by us.
Where you have explicitly consented to be contacted for such purposes, we use your personal data to provide information on our new and existing products and services.

4) To whom can we transfer data?

In accordance with applicable law, we may transfer your data to entities processing it at our request, e.g. marketing agencies, subcontractors of our services and entities authorized to obtain data under applicable law, e.g. courts or law enforcement agencies - of course only if they submit a request based on an applicable legal basis. Furthermore, we will transfer your data to Trusted Partners outside the European Union – to the USA – under the EU-U.S. Privacy Shield Framework.

5) What are your rights to your data?

You have the right to request access to, correct, delete your personal data. You can also withdraw consent to processing of personal data, raise objections and use other rights granted under GDPR (i.e. right to data portability).

6) Use of cookies

We use cookies to give you the best experience on our Website. This means that we have placed cookies on your device. If you continue without changing your cookie settings, we assume that you consent to our use of cookies on this device. You can change your cookie settings at any time but if you do, you may lose some functionality on our Website. More information can be found in our Privacy Policy.

In connection with the above, I agree to the processing of my personal data by Angels Den and its Trusted Partners. I confirm that I understand that my personal data is being collected as part of my phone calls, use of AD’s online platform, Websites, and other functionalities of AD, including the data saved in cookie files. I also consent to profiling in order to allow Angels Den and its Trusted Partners the provision of better services (including for analytical purposes). Your data will only be processed on a valid lawful basis in accordance with applicable data protection laws. The processing of your personal data for marketing purposes (including statistical analysis) by AD is based on the firm's legitimate interest. The processing for marketing purposes by our Trusted Partners is only possible if we receive your freely given consent. We will also process your personal data to fulfil our contractual obligations to you as contained in AD’s Terms and Conditions of the use of our Website and services. Therefore, this data will be processed on another lawful basis – ‘contract’. We will also process your data to comply with our legal obligations for our Service (such as anti money laundering and know your customer requirements), which is also a valid lawful basis in accordance with applicable data protection laws.

Expressing this consent is voluntary and you can withdraw at any time.

If you have any doubts or questions about the use of your personal data, please do not hesitate to contact me via email. I’m happy to assist.

Compliance Team
Angels Den
cl@angelsden.com

KIKAPAY LIMITED

Kikapay offers market leading, direct from bank, payment solutions for utilities and other merchants so they can collect payments in a fair, fast and secure way from their customers

£ 0
0 Days left

0% of minimum goal raised

Seeking
Lead investor:

Minimum Target

£ 400,000

Minimum investment amount

£ 20,000

Maximum Target

£ 1,000,000

Maximum investment amount

£ 400,000

Investment Opportunity

Kikapay was created with the purpose to allow individuals and businesses should have real control over their money and data. Open Banking provides a route to enable this purpose. We are focussed on reducing business cost and risk, and ensuring customers have a convenient and efficient method of paying for services or transferring funds to their accounts.

LIVE PITCHING

Kikapay's co-founder and CEO Chris Moore pitching at one of Angels Den's events.

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THE IDEA
Products & Services

Our primary product, Kika, is an alternative to card payments. The payments are initiated from either a URL or a QR code, are portable and only require the customer to use online banking as funds are transferred immediately from their bank account to the merchant's bank account. We charge the merchant a fixed fee per transaction based on volume of payments transacted. All this is enabled by new Open Banking Standards
Kikapay will replace online card transactions.

We also have:
built a solution for charities to collect gift aid data.
designed a bank account & ID verification product
plans to design Help to Pay and Help to save products for Utilities & investment companies respec

Problem Solved

Card payments
for merchants have: high transactions fees, significant cost of fraud/charge backs , slow money transfer, significant reconciliation issues and back office costs, not easily portable.
for customers carry risk whenever details are handed over to merchant/PSP, or card is lost.

For merchants, Kikapay is able to:
- Cut transaction costs - flat fee per transaction
- Reduce the risk of fraud
- Process immediate payments
- Enable automatic reconciliation to source transaction
- Enable payments anywhere a QR code can be displayed

For customers, Kikapay offers:
- Improved security - no payment data is shared
- Simplicity - no download; pay via mobile bank ap

Revenue Model

KIkapay charges merchants a flat fee for each transaction. The fee is based on volume of transactions bought up front (nb KiKa improves merchant cashflow overall since payments are immediate saving at least 3 days vs cards).
All target sectors have recurring transactions from their customers which results in recurring revenue for Kikapay. Once a customer uses KiKa to pay they will not return to card or other payment methods.

Our financial forecast conservatively estimates that each tranche of payments will take up to 3 yrs to convert, we aim to make this faster.

Exit Strategy
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The Idea

Products & Services

Our primary product, Kika, is an alternative to card payments. The payments are initiated from either a URL or a QR code, are portable and only require the customer to use online banking as funds are transferred immediately from their bank account to the merchant's bank account. We charge the merchant a fixed fee per transaction based on volume of payments transacted. All this is enabled by new Open Banking Standards
Kikapay will replace online card transactions.

We also have:
built a solution for charities to collect gift aid data.
designed a bank account & ID verification product
plans to design Help to Pay and Help to save products for Utilities & investment companies respec

Problem Solved

Card payments
for merchants have: high transactions fees, significant cost of fraud/charge backs , slow money transfer, significant reconciliation issues and back office costs, not easily portable.
for customers carry risk whenever details are handed over to merchant/PSP, or card is lost.

For merchants, Kikapay is able to:
- Cut transaction costs - flat fee per transaction
- Reduce the risk of fraud
- Process immediate payments
- Enable automatic reconciliation to source transaction
- Enable payments anywhere a QR code can be displayed

For customers, Kikapay offers:
- Improved security - no payment data is shared
- Simplicity - no download; pay via mobile bank ap

Revenue Model

KIkapay charges merchants a flat fee for each transaction. The fee is based on volume of transactions bought up front (nb KiKa improves merchant cashflow overall since payments are immediate saving at least 3 days vs cards).
All target sectors have recurring transactions from their customers which results in recurring revenue for Kikapay. Once a customer uses KiKa to pay they will not return to card or other payment methods.

Our financial forecast conservatively estimates that each tranche of payments will take up to 3 yrs to convert, we aim to make this faster.

Exit Strategy
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Website

www.kikapay.com

Location

SEATON

Gallery